To satisfy a debt, what is a creditor legally entitled to take from the gambler in debt, and for how long?
A creditor, upon successful application to Court, is allowed to take, or “garnish,” 20% of the debtor’s net wages for a period of six years at a time. Pension benefits, social welfare benefits and RRSPs are generally immune from garnishment. Example: Bob runs up a debt of $10,000 at a casino. He currently lacks the ability to pay the debt, but makes $500 a week at his job. Upon application for garnishment, the casino may be entitled to take $100 a week for up to six years until the $10,000 debt is repaid.
